O'^ T II F. <• r r. A i; i: \' i i: w 



twrt'ii till" iirst :niil hitcsi crops. 



owinu to tlu" ((iiiiiH-titiiiii fitr cane in its locality, tin* small size of the riautation 

 and the consequent hiiiher cost (»f produetion, your Board of Directors decided to sell 

 the lands of the ••Joho" i.iantation and transfer the niaoliinery to iilantations in the 

 Kasteni sectiiin of the Islantl. The major portion of said machinery is heinir installed 

 at "Moron," therchy incrcasinu' the capacity of that Central, as referred to elsewhere. 



SlTl'LY OF CANE FOR 11)10-10120 



The jiresi-nl estimate of the cane sui)ply for the coming crop is as follows: 



Western estates .100.( M iO,( iO( > arrohas or ;1,;I.jO,< » iQ tons 



I-:a<tern " 1>.".o,(MMI,Oii(» " " 2,700,<i(:0 " 



5.50,<K10,0()0 an-ohas or 0,140,000 tons 

 Althou.L'h soiiu'what early to make estimates of cane, the ahove figures are, however, 

 believed to he conservative. Tlie percentage of sucrose in the cane is the unknown 

 factor. 



Particular attention is called to the enormous increase in cane for the Eastern 

 estates from 1010-1017 to 1910-1020. namely, over 1 4."),0<:)0,00O arrohas (l,(MiO,000 tons). 

 In order to ohtain that additional (piantity of cane ahout SiO.OOO acres of timher land 

 had to he cleared and planted in cane within the last three years. 



ESTIMATE OF SUGAR CROP FOR l!»10-lo20 

 Ir is not easy to estimate the amount of sugar that your Corporation will make 

 during the coming crop as the total depends largely upon the pertentage of sucrose 

 in the cane. Even with as low su<-rose in the cane as last year — which is unlikely 

 after three years of low sucrose — the total crop for 1919-1020 should l)e: 



In tile Western estates 2,000,000 hags ( 377,000 tons) 



" " Eastern " 2,100,(KIO " (.%3,000 " ) 



4,7(K»,O(t0 hags (CSO.OOO tons) 

 With a higher percentage of sucrose in the cane, the total production will l)e cor- 

 respondingly increased. 



LANDS 



Your Company, having sullicient lands to supply cane for its present needs, made 

 no additional purchases or h'ases this year. Tins account, therefore, remains un- 

 changed from last year's figures, which show that the Corporation owns 11,216 

 cahalli'rias ( :'.7.".,sO(i acres) of land, and holds und«'r lease, many of these leases 

 heing for long perioils. ri.'.i:;2 cal»allerias (2:!1,<:(M) acres) of huul. The total lands 

 owned and leased amount to 1S.14S eahallerias (004,800 acres). Land values have 

 increased very much during the last four years, especially in the East, wliere they 

 had been nuich lower than in the West, and with this new virgin soil in greater 

 demand values are drawing nearer to those of the more densely cultivated portion 

 of the Island. 



RAILROADS 



Your Company now owns and operates for the transportation of its products and 

 supplies, 1,000 kilometers (08.3 miles) of railway, of which 7^1 kilometers are standard 

 gauge and 309 kilometers are narrow gauge; together with equipment consisting of 

 121 locomotive's, of which 87 are standard gauge and 34 narrow gauge, and 3,504 cane 

 and other cars, of which 2,219 are standard gauge and 1,28.5 are narrow gauge^ 



PROPERTY ACCOUNT 



Original Co.st of the 17 I'lantations, including Taxes, Notary Fees, etc.. . .S-18,98.3,206.G8 



Additional I'urchases : 



Central "Stewart" .S''',400.0<10.00 



Warehouses 1 .-.0,000.00 



Lands 2.107.270..jO 



Taxes, Notary Fi^es, ere., thereon 12.'j,.">00.48 



$10,882,470.07 



